NY Medicare supplements help you to pay for things that Medicare itself does not cover. The most common covered benefits are your co-insurance and also deductibles for hospital and outpatient services.
In this state, Medicare supplements must be community rated. This means that everyone pays the same rate regardless of age or pre-existing health conditions. You can apply for a Medigap policy during any time of year and feel confident that you will be accepted. Some carriers may apply a six-month waiting period for coverage of pre-existing conditions if no prior creditable coverage was in place before your application. Be sure to ask about this when gathering quotes. The good news is that an insurer cannot turn down your application for coverage.
Supplements offered in this state have the same benefits as those offered in other states. There are 10 basic plans that each cover a certain set of medical benefits. The insurance companies have labeled them as Plan A – Plan N. In general, if you choose a plan letter with less benefits than another plan letter, you will likely find lower premiums than a plan with more coverage. Insurance carriers operating in New York must offer at least Medigap Plan A, B and either C of F. If they offer these, they can choose which of the other plan letters they choose to sell.
Currently Boomer Benefits does not service the state of New York. However, we can refer you to a reputable agency that can assist you in New York, or you can contact 1-800-MEDICARE for information on plans in your area.